Defending individual liberty against the tyranny of government.
Truth, justice and the American way: liberty without compromise.

Life, liberty, and property do not exist because men have made laws. On the contrary, it was the fact that life,liberty, and property existed beforehand that caused men to make laws in the first place. - Frédéric Bastiat

Perry Eidelbus,Der Eidelblogger

Westchester,New York

Sunday, September 18, 2011

Thou shalt pay thy taxes to The One, lest thou incurrest his wrath

What a picture for Yahoo News to use.

From the first moment Obama pushed his "jobs bill" (i.e. jobs for his political supporters with the cost of others' unemployment), he said it would be "paid for." Yesterday he continued to claim, "And it will not add to the deficit. It will be paid for." The truth came out the morning after the original announcement: it's all about tax hikes. As part of a "deficit reduction plan" Obama would have us believe is unrelated, "Obama to propose 'Buffett tax' on millionaires". How dare people believe that they're entitled to the fruits of their labor, how dare they believe that they get to keep their wealth as the reward for their successful decisions!

And beyond the immorality of taking someone's money by force to give to others, Obama's plan is accounting fraud. John Watson at American Thinker pointed out:

The president's new "Jobs Bill" will take over $400 billion from taxpayers over ten years to pay for it, but the expenditures will be authorized right away. There is, however, an inconvenient truth about which the president has failed to remind us: today's Congress cannot bind a future Congress. Therefore, if the government wants to spend $400 billion right away, then they need to find a way to cut $400 billion of spending right away, not by some non-binding ten year ruse. To do otherwise only increases today's deficit.

This scheme would supposedly add 2.7% to a $15 trillion economy. There's just one problem: it wouldn't work for the same reason the $787 billion stimulus didn't work. It's the worst economics: $400 billion in tax hikes means taking $400 billion from spending or savings that would have happened in other forms. Bastiat's lesson on broken windows is economics' quantum singularity from which there is no escape.

"You are not to inquire how your trade may be increased, nor how you are to become a great and powerful people, but how your liberties can be secured; for liberty ought to be the direct end of your government."
- Patrick Henry, 1788